Skip to main content
S 1489 100th Congress Senate

A bill to amend section 67 of the Internal Revenue Code of 1986 to exempt certain publicly offered regulated investment companies from the disallowance of indirect deductions through pass-thru…

Official title: A bill to amend section 67 of the Internal Revenue Code of 1986 to exempt certain publicly offered regulated investment companies from the disallowance of indi… Show full official titleShow less

Official title: A bill to amend section 67 of the Internal Revenue Code of 1986 to exempt certain publicly offered regulated investment companies from the disallowance of indirect deductions through pass-thru entities.

Introduced: October 27, 1987 See on congress.gov
Taxation Corporation taxesCorporations and StocksIncome taxInvestments
More subjectsShow fewer subjects
Mutual fundsSecuritiesStocksTax deductions
Sign in to write a letter Sign in to watch
This bill died when the 100th Congress ended
It never became law before the 100th Congress (1987–1988) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 14, 1987
Read twice and referred to the Committee on Finance.
Jul 14, 1987
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action July 14, 1987

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to provide that the prohibition against indirect income tax deductions through pass-through entities shall not apply to any regulated investment company whose shares are: (1) continuously offered pursuant to a public offering; (2) regularly traded on an established securities market; or (3) held by or for at least 500 persons at all times during the taxable year.

 Related & companion bills 1
  • HR 3375 Identical bill A bill to amend section 67 of the Internal Revenue Code of 1986 to exempt certain publicly offered regulated investment…
 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Oct 27, 1987
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1489: A bill to amend section 67 of the Internal Revenue Code of 1986 to exempt certain publicly offered regulated investment companies from the disallowance of indirect deductions through pass-thru entities.. 100th Congress. Open America. https://openamerica.io/bill/100-S-1489/
MLA
"S. 1489: A bill to amend section 67 of the Internal Revenue Code of 1986 to exempt certain publicly offered regulated investment companies from the disallowance of indirect deductions through pass-thru entities.." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-S-1489/.
Bluebook (legal)
S. 1489, 100th Cong. (2026), https://openamerica.io/bill/100-S-1489/.
Markdown link
[S. 1489: A bill to amend section 67 of the Internal Revenue Code of 1986 to exempt certain publicly offered regulated investment companies from the disallowance of indirect deductions through pass-thru entities.](https://openamerica.io/bill/100-S-1489/)
Report a problem